GBP/USD coinciding with constructive Brexit negotiation headlines - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank noted that GBP is up vs the USD with the bulk of GBP gains coinciding with constructive Brexit negotiation headlines.

GBP/USD: short-term technicals are bearish-neutral - Scotiabank

Key Quotes:

"This week’s data calendar is relatively empty, with no major releases ahead of the second Q2 GDP figures on Thursday."

"Risk reversals are suggestive of a slight build in the premium for protection against GBP weakness, and CFTC positioning remains bearish."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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